Gas prices fall 5.4 cents in Shreveport-Bossier

Shreveport gas prices have fallen 5.4 cents per gallon in the past week, averaging $2.03/g Sunday, according to GasBuddy’s daily survey of 177 stations. Gas prices in Shreveport are 4.4 cents per gallon higher than a month ago and stand 15.5 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Shreveport is priced at $1.85/g today while the most expensive is $2.59/g, a difference of 74.0 cents per gallon. The lowest price in the state Sunday is $1.74/g while the highest is $2.96/g, a difference of $1.22/g. The cheapest price in the entire country today stands at $0.61/g while the most expensive is $4.87/g, a difference of $4.26/g.

The national average price of gasoline has fallen 6.3 cents per gallon in the last week, averaging $2.36/g today. The national average is down 5.9 cents per gallon from a month ago and stands 12.5 cents per gallon lower than a year ago.

Neighboring areas and their current gas prices:

  • Little Rock- $2.08/g, down 4.8 cents per gallon from last week’s $2.13/g.
  • Dallas- $1.98/g, down 6.3 cents per gallon from last week’s $2.05/g.
  • Louisiana- $2.09/g, down 2.9 cents per gallon from last week’s $2.12/g.

“It’s been an unprecedented week, one in which oil majors Russia and Saudi Arabia saw anything but eye-to-eye on lowering oil production, leading crude oil prices to plummet 20% in Sunday evening trade, combined with COVID-19 fears escalating, and gas prices have no where to go but down and like a rock,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Oil has now seen its value cut nearly in half after Iran tensions inflamed prices months ago and it doesn’t immediately look like it will get any better. For motorists, I urge them to be in absolutely no hurry to fill up as gas prices will drop in nearly every nook and cranny of the country, from the smallest cities to the largest metros, at a time of year that prices are usually rising, we’ll see anything but that. The national average came into March like a lamb and will likely be leaving as a lion, with prices roaring lower.”

GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA’s once daily survey covering credit card transactions at 100,000 stations and the Lundberg Survey, updated once every two weeks based on 7,000 gas stations, GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://FuelInsights.GasBuddy.com.